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cost of land? Points: 0 of Ayer Self Storage purchased land, paying S170,000 cash as a down payment and signing a $155.000 note payable for
cost of land?
Points: 0 of Ayer Self Storage purchased land, paying S170,000 cash as a down payment and signing a $155.000 note payable for the balance. Ayer also had to pay delinquent property tax of $1,500, title insurance costing $6,000, and $4,000 to level the land and remove an unwanted building. The company paid $58,000 to add soil for the foundation and then constructed an office building at a cost of $900,000. It also paid $54,000 for a fence around the property, $21,000 for the company sign near the property entrance, and $2,000 for lighting of the grounds. Read the requirement Step by Step Solution
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